The UK has imposed new sanctions on several cryptocurrency trading platforms, accusing them of assisting Russia in bypassing trade restrictions.

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ME News Report, May 27 (UTC+8), the UK announced a new round of sanctions against multiple cryptocurrency trading platforms, P2P trading services, and shadow financial networks, accusing them of assisting Russia in bypassing Western trade restrictions and providing funding channels for the war.
Those blacklisted include platforms such as EXMO Exchange, Bitpapa, Rapira, Nueva Cryptologia, and others.
The UK stated that these platforms are linked to the Kremlin-supported "A7" payment network, which reportedly handled over $90 billion in funds last year, used for Russian oil export settlements and military procurement financing.
The new sanctions include global asset freezes, bans on UK financial institutions providing services, and restrictions on the operation channels of related platforms in multiple countries.
Regions involved also include Kyrgyzstan, Georgia, Panama, and the United Arab Emirates as transit jurisdictions.
The UK government said this move aims to cut off Russia's "shadow financial infrastructure" used for cross-border payments and sanctions evasion through cryptocurrencies.
(Source: ChainCatcher)
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GateUser-423f10e3
· 7h ago
Shadow finance network sounds like a spy thriller. How much gas money has A7 Payment Network really spent?
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AirdropsAfterTheTideRecedes
· 15h ago
Georgia has had a pretty strong crypto atmosphere in recent years, originally used for money laundering for the big boss.
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RouterRunner
· 16h ago
The Panama Canal ships oil, the Panama company launders money, it's an old tradition.
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PineLiquidityPool
· 16h ago
This is the first time I've seen the name Rapira; it seems the sanctions list is also a beginner's guide.
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GateUser-26374bb4
· 16h ago
The name Nueva Cryptologia carries an unmistakable air of mystery; after checking, it turns out to be a newly emerging project.
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YieldYogi
· 16h ago
P2P platforms become major disaster zones; in the future, OTC trading needs to be even more cautious.
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RiskParityKid
· 16h ago
Once the war financing label is applied, there is virtually no room for platform rebuttal.
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SeaSaltFlavorAirdrop
· 16h ago
Global asset freezes + service bans, combined strikes leave platforms with no way out
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SeaSaltMintCandy
· 16h ago
The UAE is on the list again. How long can Dubai's crypto-friendly reputation last?
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